StoneCo Ltd. $STNE Holdings Decreased by Penserra Capital Management LLC

Penserra Capital Management LLC cut its position in shares of StoneCo Ltd. (NASDAQ:STNE) by 40.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 316,060 shares of the company’s stock after selling 216,754 shares during the quarter. Penserra Capital Management LLC owned 0.11% of StoneCo worth $5,069,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Signaturefd LLC raised its holdings in shares of StoneCo by 10.2% during the second quarter. Signaturefd LLC now owns 8,492 shares of the company’s stock worth $136,000 after purchasing an additional 784 shares during the period. Xponance Inc. grew its position in shares of StoneCo by 4.7% during the 1st quarter. Xponance Inc. now owns 21,762 shares of the company’s stock valued at $228,000 after buying an additional 981 shares during the last quarter. GAMMA Investing LLC grew its position in shares of StoneCo by 43.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,170 shares of the company’s stock valued at $67,000 after buying an additional 1,267 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in StoneCo by 18.4% during the first quarter. PNC Financial Services Group Inc. now owns 8,473 shares of the company’s stock worth $89,000 after acquiring an additional 1,317 shares during the period. Finally, CWM LLC lifted its holdings in StoneCo by 44.7% in the second quarter. CWM LLC now owns 4,565 shares of the company’s stock worth $73,000 after acquiring an additional 1,411 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on STNE shares. JPMorgan Chase & Co. upped their target price on StoneCo from $15.50 to $18.50 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Weiss Ratings restated a “sell (d+)” rating on shares of StoneCo in a research report on Wednesday, October 8th. Bank of America increased their target price on StoneCo from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Wall Street Zen cut StoneCo from a “buy” rating to a “hold” rating in a research note on Monday, October 27th. Finally, The Goldman Sachs Group upped their price target on shares of StoneCo from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.44.

StoneCo Stock Down 10.8%

STNE opened at $16.83 on Monday. The stock’s 50 day moving average price is $18.23 and its 200 day moving average price is $15.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market cap of $4.81 billion, a P/E ratio of -31.17, a P/E/G ratio of 0.33 and a beta of 2.01. StoneCo Ltd. has a 12 month low of $7.72 and a 12 month high of $19.95.

StoneCo (NASDAQ:STNE) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $669.49 million during the quarter, compared to analysts’ expectations of $669.81 million. StoneCo had a positive return on equity of 20.42% and a negative net margin of 7.28%. As a group, research analysts predict that StoneCo Ltd. will post 1.16 earnings per share for the current year.

StoneCo Profile

StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team.